• Title/Summary/Keyword: Growth change

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Input-Output Structural Decomposition Analysis on the Growth Structure of Korean Maritime and Port Industry (투입·산출 구조분해를 통한 해운항만산업 성장구조분석)

  • Sang Choon Kim
    • Korea Trade Review
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    • v.46 no.1
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    • pp.83-111
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    • 2021
  • This paper conducts a Structural Dcomposition Analysis on the structure of factors contributing to the output growth of Korean Maritime and Port Industry during year 2000~ year 2017. Some of results are as follows. The output growth rates of the industry (yearly average 4.3%) was far lower than the average growth rates of Service as well as of Manufacturing Industries (yearly average 9% and 6.8%, respectively) due to the lower output growth of Maritime Industry. Among the growth contributing factors, change in domestic demand for final goods is the first contributing factor, and then change in technology, change in export and import substitution for intermediate goods are followed in order, but import substitution for final goods decreased its output. However, in each respective sub-periods of pre-global financial crisis and post-global financial crisis, change in the export, especially change in the export of Maritime Industry is the dominant determinant of output change in the Maritime and Port Industry in opposite ways. In the periods of the former the increase in the export of Maritime Industry overwhelmingly led the output growth of the Maritime and Port industry, but in the periods of the latter the decrease in its export was the culprit of lower output growth of the industry. On the other hand, among all industries of service and manufacturing sectors, Wholesale and Retail industry is the leading industry in contributing to the output growth of the Maritime and Port Industry, and Transportation Equipment industry is the leading industry among all manufacturing industries.

Structural Change as a Source of Growth: An Empirical Evidence from OECD Countries

  • Han, Hongyul
    • Analyses & Alternatives
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    • v.6 no.1
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    • pp.195-222
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    • 2022
  • From the economic development perspective, economic growth should accompany structural improvement in order to meet complex demands from a society. In the context of development economics, economic growth is critically dependent on successful structural advancement. The issue of structural change is also important for advanced economies as the landscape of modern industry is changing fast. Many advanced countries of slow growth are experiencing dawdling changes in industry structure. However, there is no definitive answer to the question of whether there is a causal relationship between structural change and growth. This study empirically assesses the relationship between structural change or 'speed' thereof and economic growth in developed countries of OECD. Rather than looking into the causes of structural changes, this study simply measures structural changes in OECD economies and examines if structural change is really contributing to growth. The reason why this study focuses on advanced countries of OECD is rather obvious; technological innovation and emergence of new industries pressure these countries to restructure their economies to address these new challenges though they are at stages well beyond conventional industrialization. And structural rigidity can always limit growth even in advanced countries. The main results of this study can be summarized as a positive relationship between 'change and growth'. 'Change' in this study refers to changes in the industrial structure based on value-added and was analyzed to have a close positive relationship with economic growth. This result is consistent with arguments of early development economists emphasizing structural upgrade as an indispensable process for growth and development. The result of this study potentially confirms that the main argument of development economics is valid also for advanced economies. One of our results suggests that business/professional services and social services should be main targets for restructuring for advanced economies. The rational may be that rapid convergence of manufacturing and services is a key for structural advancement in the era of new technologies. Obviously, as manufacturing technology and production are standardized, it is difficult to secure international competitiveness through traditional manufacturing alone and the role of R&D, design, logistics, and marketing is becoming more important.

A Study on the Changing Factors of the Electricity Consuming Pattern in accordance with the change in the Economic Growth Structure (경제성장 구조변화에 따른 전력소비 변화요인 연구)

  • Rhee, Sang-Chul
    • Proceedings of the KIEE Conference
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    • 2005.11b
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    • pp.151-155
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    • 2005
  • An electricity consumption is closely related to the economic growth structure. The change of economic growth structure affects the pattern of electricity consumption widely and severely. This paper gives that the primary changing factors of electricity growth are economic growth, change of industry structure(the change of electricity consumption ratio in case of residential sector), and the effect of electricity saying. It gives a model to analyze the influence of GDP to the change of electricity consumption patterns by sector through the period of pre and post 1998(IMF, financial crisis) to observe the contribution of each factor to the growth of electricity demand. It is anticipated that this study shows the feasible scheme of economic structure to become the developed country.

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Structural Change and Green Growth in Korea, 1980~2020 (한국의 구조적 변화와 녹색성장)

  • Kim, Yong Jin
    • KDI Journal of Economic Policy
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    • v.34 no.4
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    • pp.1-26
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    • 2012
  • Greenhouse gas emission policy in Korea and elsewhere is based on emissions projections, a key element of which is the projected path of structural change from high productivity growth to low productivity growth economic sectors given sector specific labor productivity growth, emissions abatement across sectors and population growth. Thus, it is important to model the source of the structural change to forecast emissions correctly. Using data for the Korean economy, this study constructs and quantitatively evaluates a model of structural change and green growth to generate policy implications for Korea and the international greenhouse gas debate.

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Cost and Schedule Analysis of Highway Projects based on Project Types

  • Shrestha, Bandana;Shrestha, Pramen P.
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.50-56
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    • 2022
  • Change Orders generally impact cost and schedule performance of highway projects. However, highway projects that do not have any change orders also face cost growth and schedule delays. This study seeks to determine the cost and schedule performance of Texas DOT projects by collecting project data for 120 highway projects completed between 2016 to 2020. For the study, we selected project data that has zero or negative change orders which were then grouped and analyzed based on their Project Types i.e., maintenance works; structural works; restoration and rehabilitation works; and safety works. The study found that performance of Maintenance and Safety type projects had less cost and schedule growth among the data analyzed. Statistical tests also found that even though the projects have no change orders, Rehabilitation and Restoration type projects experienced significant schedule growth compared to others. However, the data did not show any significant cost and schedule growth for the projects when statistical tests were performed on overall data. The study concluded that highway projects are experiencing schedule growth even though the projects had no change orders. Results from the study can help planners, engineers, and administrators to gain better insight on how different types of highway projects are performing in terms of cost and schedule and eventually derive appropriate solutions to minimize cost and schedule growth in such projects.

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Total Factor Productivity Growth and the Decomposition Components of Korean Port-Logistics Industry (항만물류산업의 총요소생산성과 그 분해요인분석)

  • Gang, Sang-Mok;Lee, Ju-Byeong
    • Journal of Korea Port Economic Association
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    • v.24 no.4
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    • pp.47-70
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    • 2008
  • The purpose of this study is to estimate total factor productivity(TFP) growth by stochastic frontier function and to grasp contributing factors of its growth rate by decomposing the total factor productivity into efficiency change, technical progress, scale change, and allocation change. Annual growth rate of total factor productivity for 1990-2003 is 0.019 (1.9%), higher than that of overall industry (0.010). The main component of TFP growth is not efficiency change but technical progress. Contributing factors of total factor productivity growth are change of allocation efficiency in port industry, technical progress in sea-transportation industry, and change of scale efficiency in transportation-equipment industry. The change of total factor productivity shows a decreasing trend since late in the 1990s. The annual technical efficiency of port-logistics industry is less than that of overall industry. Capital elasticity for output (0.391) is higher than labor elasticity (0.227), but scale economy of port-logistics industry is 0.618, which is far from optimal scale economy.

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Learning motivation of groups classified based on the longitudinal change trajectory of mathematics academic achievement: For South Korean students

  • Yongseok Kim
    • Research in Mathematical Education
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    • v.27 no.1
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    • pp.129-150
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    • 2024
  • This study utilized South Korean elementary and middle school student data to examine the longitudinal change trajectories of learning motivation types according to the longitudinal change trajectories of mathematics academic achievement. Growth mixture modeling, latent growth model, and multiple indicator latent growth model were used to examine various change trajectories for longitudinal data. As a result of the analysis, it was classified into 4 subgroups with similar longitudinal change trajectories of mathematics academic achievement, and the characteristics of the mathematics subject, which emphasize systematicity, appeared. Furthermore, higher mathematics academic achievement was associated with higher self-determination and higher academic motivation. And as the grade level increases, amotivation increases and self-determination decreases. This study suggests that teaching and learning support using this is necessary because the level of learning motivation according to self-determination is different depending on the level of mathematics academic achievement reflecting the characteristics of the student.

Relationship between Change of Demographic Composition and Crime : Comparing Areas with Growth in Population to Areas with Decline

  • Lee, Soochang;Kim, Daechan
    • International Journal of Advanced Culture Technology
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    • v.10 no.3
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    • pp.63-70
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    • 2022
  • This study is to investigate that population change as a result of the decline in population has a correlation with a decrease in crime, with the change in the demographic composition by comparing with two models: model with growth in population and one with the decline in population. We collected demographic data for all cities in Korea from the 2010 Census to 2020 offered by the Korean Statistical Information Service, with crime data comprising serious reported crime events from the Korean Nation Police Agency through requesting data related to the total number of crimes at the same as the period of demographic data. This study can identify the impacts of demographic changes as a result of population change on crime change through a comparative analysis between areas with population growth and ones with population decline. We can confirm that there are differences in determinants of crime between areas with population increase and one with population decrease from the analysis of the impact of demographic change as a result of population change on crime change.

A Study on Inclusive Green Growth of South Korea: Focusing on Sustainable Development Goals, Climate Change, and Ecosystem Services

  • Park, Hun;Kang, Sunggoo
    • Proceedings of the National Institute of Ecology of the Republic of Korea
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    • v.2 no.2
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    • pp.82-95
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    • 2021
  • Current international negotiation and cooperation for sustainable development are focused on three main themes. The first theme is implementation of Sustainable Development Goals (SDGs). The second theme is development of measures for climate change. The third theme is sustainable management of biodiversity and ecosystem services. In South Korea, responses of government policies and academic studies have been predominantly to one of these three themes. There have not been many integrated efforts to develop countermeasures considering all three international themes. In addition, while "green growth" policies have been setting national agendas for Korea's sustainable development, they must be scrutinized such as why they have not dealt with some parts of these three themes and whether they have ignored one of these themes due to lack of integrated responses. This study finds critical issues in South Korea on how to harmoniously respond to the three themes of international efforts and improve green growth policies. First, to achieve SDGs, the domestic statistical system must be reorganized to track the achievement of "inclusiveness" and "green growth". Second, the climate change response policy should seek inclusion between countries and between social groups. Third, in the field of biodiversity and ecosystem services, it is necessary to establish Korea's identity in global geopolitics and enhance its own traditional ecological knowledge. Fourth, it is necessary to consider how to solve discrepancy between climate change response policies and biodiversity-ecosystem service management policies. Finally, proactive improvement of laws and institutions must occur to promote inclusive green growth.

Effect of Climate Change on the Tree-Ring Growth of Pinus koraiensis in Korea (기후변화가 잣나무의 연륜생장에 미치는 영향 분석)

  • Lim, Jong Hwan;Chun, Jung Hwa;Park, Ko Eun;Shin, Man Yong
    • Journal of Korean Society of Forest Science
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    • v.105 no.3
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    • pp.351-359
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    • 2016
  • This study was conducted to analyze the effect of climate change on the tree-ring growth of Pinus koraiensis in Korea. Annual tree-ring growth data of P. koraiensis collected by the $5^{th}$ National Forest Inventory were first organized to analyze yearly growth patterns of the species. When tree-ring growth data were analyzed through cluster analysis based on similarity of climatic conditions, five clusters were identified. Yearly growing degree days and standard precipitation index based on daily mean temperature and precipitation data from 1951 to 2010 were calculated by cluster. Using the information, yearly temperature effect index(TEI) and precipitation effect index(PEI) by cluster were estimated to analyze the effect of climatic conditions on the growth of the species. Tree-ring growth estimation equations by cluster were developed by using the product of yearly TEI and PEI as independent variable. The tree-ring growth estimation equations were applied to the climate change scenarios of RCP 4.5 and RCP 8.5 for predicting the changes in tree-ring growth by cluster of P. koraiensis from 2011 to 2100. The results of this study are expected to provide valuable information necessary for estimating local growth characteristics of P. koraiensis and for predicting changes in tree-ring growth patterns caused by climate change.